DeFi Development (NASDAQ:DFDV) Releases Quarterly Earnings Results

DeFi Development (NASDAQ:DFDV) announced its quarterly earnings data on Tuesday, May 19th. The company reported ($0.37) EPS for the quarter, Zacks reports. The company had revenue of $2.66 million during the quarter. DeFi Development had a negative net margin of 1,136.38% and a positive return on equity of 15.58%.

DeFi Development Stock Performance

NASDAQ DFDV traded up $0.10 on Thursday, reaching $3.30. 1,425,996 shares of the stock were exchanged, compared to its average volume of 991,978. DeFi Development has a one year low of $2.44 and a one year high of $32.00. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 12.53. The firm has a market capitalization of $99.40 million, a PE ratio of -0.41 and a beta of -4.12. The company’s 50-day simple moving average is $3.72 and its two-hundred day simple moving average is $4.40.

Analyst Ratings Changes

A number of research analysts have recently commented on DFDV shares. Wall Street Zen cut shares of DeFi Development from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings reissued a “hold (c)” rating on shares of DeFi Development in a research note on Monday, April 20th. Finally, Cantor Fitzgerald decreased their price objective on DeFi Development from $7.00 to $4.70 and set an “overweight” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.85.

Hedge Funds Weigh In On DeFi Development

A number of large investors have recently bought and sold shares of DFDV. Pantera Capital Partners LP acquired a new position in DeFi Development in the 3rd quarter valued at approximately $13,207,000. Alyeska Investment Group L.P. acquired a new position in shares of DeFi Development during the third quarter valued at about $9,489,000. Polar Asset Management Partners Inc. purchased a new position in DeFi Development in the 3rd quarter worth $6,379,000. Millennium Management LLC boosted its stake in DeFi Development by 215.0% during the 4th quarter. Millennium Management LLC now owns 407,794 shares of the company’s stock valued at $2,059,000 after purchasing an additional 278,334 shares during the last quarter. Finally, 683 Capital Management LLC bought a new stake in shares of DeFi Development in the fourth quarter worth about $596,000. Hedge funds and other institutional investors own 0.48% of the company’s stock.

DeFi Development Company Profile

We are a B2B fintech marketplace connecting commercial property borrowers and lenders with a human touch. We seek to revolutionize the commercial real estate lending market by making it hyper-efficient, transparent, and accessible to all rather than the few. Through our online platform, we provide technology that connects commercial mortgage borrowers looking for capital to refinance, build, or purchase commercial property, including, but not limited to, apartment buildings, to commercial property lenders.